Foreign exchange traders are about to get more real-time trading volume data, designed to help them trade better.
FXCM, a provider of forex trading and related services, announced the launch of its now comprehensive suite of real volume indicators, an upgraded and exclusive serice, as part of its Trading Station platform. According to FXCM, the volume indicators provide traders critical market data directly on the charts, the ability to analyze market behavior, and trading psychology by displaying what the crowd is doing.
There are five new volume indicators:
Directional Real Volume – which displays individually long, short, net and total values of FXCM’s trading volume as opposed to total value only. This is for traders looking for more insight into market dynamics, this valuable indicator helps break down the complexity.
Real Volume and Transaction Indicators – these two indicators get the inside view of FXCM clients’ actual order flow on 14 of its most popular currency pairs
On Balance Real Volume Indicator – this indicator plots “On Balance Volume” for a given instrument, by looking at actual buy and sell trade volume data from FXCM’s live clients
Market Movers Index Indicator – This index shows the ratio of real volume divided into transactions per period, traders can see conviction behind breakouts
As part of the launch, clients will also have access to “good-till-date” entry orders, “candle” gap options, reporting functionalities and 176 other performance enhancements to optimize the trading platform experience.